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<p>The Minister of Revenue introduced the <a href="/bills/53-164">Taxation (Annual Rates for 2022–23, Platform Economy, and Remedial Matters) Bill (No 2)</a> into Parliament today.</p>
<p>The Bill contains a range of proposed improvements and maintenance measures to ensure the smooth functioning of the tax system, including proposals to:</p>
<ul>
<li>set the annual income tax rates for the 2022–23 tax year</li>
<li>implement the OECD’s information reporting and exchange framework for activities being facilitated by digital platforms in the sharing and gig economy</li>
<li>collect GST on accommodation and transportation services provided through electronic marketplaces</li>
<li>reform the GST apportionment and adjustment rules</li>
<li>clarify the GST treatment of legislative charges</li>
<li>modernise and clarify the rules for employers and payers in relation to cross-border workers</li>
<li>ensure New Zealand companies affected by recent changes to Australia’s corporate residency tax rules have uninterrupted access to New Zealand’s loss grouping, consolidation and imputation credit regimes</li>
<li>address integrity issues with the application of the domestic dividend exemption and corporate migration rules to dual resident companies</li>
<li>introduce a fringe benefit tax exemption for public transport, and</li>
<li>introduce an exemption from the interest limitation rules for build-to-rent assets.</li>
</ul>
<p>For more information, see:</p>
<ul>
<li> the <a href="https://www.legislation.govt.nz/bill/government/2022/0164/5.0/versions.aspx">Bill</a></li>
<li>the <a href="/publications/2022/2022-commentary-perm2-bill">Bill commentary</a></li>
<li> the <a href="https://www.beehive.govt.nz/release/annual-tax-rates-and-remedial-matters-bill-reintroduced">departmental disclosure statement</a></li>
<li>the <a href="/publications/2022/2022-ris-perm2-bill">regulatory impact assessments</a>, and </li>
<li>the Minister's <a href="https://www.beehive.govt.nz/release/annual-tax-rates-and-remedial-matters-bill-reintroduced">media statement</a>.</li>
</ul>
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